Bitcoin Surges to $85,000

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Bitcoin Price Targets Near Term Rally

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Bitcoin Price Forecast

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Business

Business & Economics

Bitcoin Price Forecast: Can BTC Reach $100K After the Upcoming US Fed Decision?

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Bitcoin price briefly crossed the $ 85,000 mark on Sunday, March 16 , marking an 11% rebound from last week’s bottom of $ 76,000 .

Bullish traders have been deploying significant leverage positions on BTC ahead of the upcoming US Federal Reserve rate decision slated for March 19 .

Bitcoin price forecast chart below is showing signs of more upside potential after rebounding 11% from the recent $76k low.

Bullies have established $1.9 billion dominance in derivatives market, indicating strong market confidence in Bitcoin .

For the week ahead , Bitcoin ’s price action hinges on reclaiming $ 89,000 .

A decisive close above this level could fuel a rally toward $ 97,000 , but failure to break above could see BTC revisiting $ 80,000 or lower.

The BBP ( Bear/Bull Power ) indicator remains deeply negative at -10,559, signaling that downward pressure is still in play.

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English